Agrifood juggernaut Cargill in the US has contributed an unknown sum to Singapore-based firm ProfilePrint, which analyzes food ingredients.
ProfilePrint, a company founded in 2017 by Alan Lai, provides an AI-powered ingredient search engine that enables users to more accurately assess the calibre of a meal sample. The business said that its method simplifies the physically grading of food, which typically requires an “enormous amount” of resources.
Throughout over 26 locations in Asia, Europe, Africa, and the Americas, the firm has put its technology to use.
The additional funds will be used for hiring new personnel, business growth, and product development.
For commodities like cocoa and chocolate, Cargill examined and investigated the startup’s technologies during the previous six months. These are the main business categories that ProfilePrint wants to focus on.
A pre-series A round for seven figures and a series A round worth eight figures were awarded to the Singapore-based business in 2021 and this year, respectively. Louis Dreyfus Company, Olam International, Sucafina, and Sinar Mas are just a few of the largest food companies that support it.
